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Dictionary of International Trade

A B C D E F G H I J K L M N O P Q R S T U V W Y Z
Ba Be Bi Bl Bo Br Bs Bu
Bac Bad Baf Bai Bal Ban Bar Bas Bat

Back to back letter of credit

A new letter of credit opened in favour of another beneficiary on the basis of an already existing one, not a transferable letter of credit. This type of letter of credit is used for trade intermediaries to open a second credit in favour of a supplier.

Related entries

  • T/T Telegraphic transfer
  • Vostro account
  • Validity
  • Usance L/C
  • Usance draft
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Dictionary of International Trade

Practical Guide to Incoterms

Dictionary of International Trade

Key definitions of over 1500 useful international trade terms. More than 1000 weblinks and 500 acronyms and abbreviations

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